Economic Calendar & Watch Lists 6/8/2016

1973

Wednesday June 8, 2016

 

Economic Calendar & Watch Lists 6/8/2016

 

Morning Notes

US Futures are posting modest gains this morning after stronger than expected Chinese import data numbers which may signal stabilization in China’s economy. The price of crude is higher this morning by +1.2% which is lifting energy producing stocks. Asian stocks closed mixed.

 

Technicals

SPY68

The SPY closed well off its highs in yesterday’s session on some selling volume into the late afternoon. Support will lie at the low of yesterday’s range at $211.50, followed by $210.51, and the former macro descending resistance zone from $209 – $209.50.

 

Small Cap Watch List

*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.

 

**Others On Watch**

$LULU

$FB

$PAY

 

Economic Calendar

10:00 Apr JOLTS job openings expected -82,000 to 5.675M

10:30 EIA Weekly Petroleum Status Report

1:00 Treasury auctions $20B of 10-year T-notes

 

Notable Earnings Before Open

LULU: Lululemon – EPS Est. $.30, Rev Est. $487.69M

 

Notable Earnings After Close

RH: Restoration Hardware – EPS Est. $.05, Rev Est. $452.86M

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